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Chariot Oil Share Chat (CHAR)



Share Price: 10.75Bid: 10.50Ask: 11.00Change: 0.00 (0.00%)No Movement on Chariot Oil
Spread: 0.50Spread as %: 4.76%Open: 10.50High: 10.75Low: 10.50Yesterday’s Close: 10.75


Share Discussion for Chariot Oil (CHAR)


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FQ320MR
Posts: 1,563
Observation
Opinion:No Opinion
Price:15.50
View Thread (3)
RE: Oil E & P stocks
17 Sep '14
Hi Poll yep they look like something my mother would draw on an individual basis but taken as a trend across junior E\Ps it make for good viewing ..Not sure why he showed the long base formation on Falklands when Chars is much more pronounced

<a href="http://www.screencast.com/t/gYNt9jITG">longbase</a>

The article kind of mirrors the GS one from a while back advising a change of heart we wait our turn !

MR
 
Searcher
Posts: 36,373
Observation
Opinion:No Opinion
Price:15.50
Cairn Senegal and Mauritania
17 Sep '14
posted on iii by jimmy

Cairn share price increased by 3.65% to day on very high volume after the results of its Fan 1 well in Senegal were released by a jv partner on the Australian stock exchange. The well is still drilling and they logged an oil horizon in their secondary drilling objective .
They are targeting deep water turbidite sands, just like the chariots acreage in neighbouring Mauritania. Indeed cairn are partners with chariot in Mauritania and they have the option of becoming Operator if the y drill a well. Cairn also have a rig in the area with a yet to be announced drill location.
Deepwater prospects in this part of Africa are going to undergo a major re rating.

Jimmy
poll
Posts: 654
Observation
Opinion:No Opinion
Price:15.50
View Thread (3)
Oil E & P stocks
17 Sep '14
Interesting article about the possibility of the current bear market on most oil E & P stocks coming to an end?;

http://www.spreadbetmagazine.com/blog/titan-inv-partners-uk-oil-exploration-production-sector-is-t.html

Chariot gets a mention. Any thoughts on the falling wedge FQ320MR?
mcfcnige
Posts: 2,974
Observation
Opinion:No Opinion
Price:15.50
View Thread (2)
RE: Mc
17 Sep '14
Hi MR.

It would be nice for the company to surprise us in a nice way..

Mauritania news is meant to be here by end of this month, so not long to wait..
FQ320MR
Posts: 1,563
Observation
Opinion:No Opinion
Price:15.50
Gster
17 Sep '14
That's exactly what Larry said ..migration, an active charging system

MR
Gster
Posts: 122
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:15.50
Pity we are all "wondering&quo..
17 Sep '14
Don't think it needs to be this way.

Both .. I understand a couldn't dispute either point of view

I guess if its acreage it's because our data suggests that's where the oil is. ..are we chasing migration then?
FQ320MR
Posts: 1,563
Observation
Opinion:No Opinion
Price:15.25
View Thread (2)
Mc
17 Sep '14
We are waiting for Mauritania up-dates wonder if the delay is part of the plan

MR
mcfcnige
Posts: 2,974
Observation
Opinion:No Opinion
Price:15.25
View Thread (2)
RE: peg and a few other things.
17 Sep '14
Gster..

Larry has said its acreage in the recent presentation, his words were.

" if we do not try to get this acreage, i would not be doing my job as CEO "

He also said that they decided on this because of data they had recieved earlier in the year.

I could be wrong but i think its Mauritania.
FQ320MR
Posts: 1,563
Observation
Opinion:No Opinion
Price:15.25
One
17 Sep '14
Point that is black and white, our Board diluted our holding by 25% at an all time low, this allowed ii's and the same board to take stock at that price, I for one still need convincing this was a good deal for all holders not just a chosen few.

Adonis showed his hand but was it just to average down or a vote of confidence in things to come ?

MR
Gster
Posts: 122
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:15.00
View Thread (2)
peg and a few other things.
17 Sep '14
they do not exist to protect the identity as an objective.

however that is not to say it doesnt happen

nominee accounts were first and foremost there as the best vehicle for investors to hold shares without having to handle the paperwork.. consequently making transactions easier amongst many other things...

If they were there as a principle to hide NET increases in holdings they could be used as vehicles for hostile takeovers.

nonetheless if you see larger holdings then you see them..and you are right that this could hide a true picture.

However, have a simple google of yf and merdian... at some points in recent times they have jointly and publicly held between them up to 25% of shareholdings in invested businesses o&G ...that's publicly..no need to hide. as Helios chariot has a passage on this too, but with a different angle, similar to Pegs.

------

mcnifige re RNS, I don't think its acreage, however it's spun. I thought it might be a takeover of GBP, given the interest in that area (their efforts to retain the license and the mentioned ww1 data) , but given they (GBP)cant raise squat I dont think 4 million is going to advance the business much. Just felt the only prospect worth shooting their mouth off about ( apparently to raise money) would have had , immediate drill status or revenue. "Drilla has gone quiet he seemed to be on the cusp of telling us something" .....(or perhaps Char are helping repsol re-calibrate their supercomputer) ...if it's acreage - I'm out.... best to trade up my own assets elsewhere... although I will return ..

MR re Brazil - they have booked their seat on the ship, it's just I believe the ship activity/timetable is driven by maxing it's revenue and that timing is in the hands of the gods ( or others spending the money to utilise it's full capacity) ..maybe it's a bit like booking seats on a budget airline - everyone pays different prices depending on timing, but it flies at the same time - according to larry our timing saved us about 50%. Not fussed about the seismics though - the lead time is so long...

BF - more 3D in Namibia ( or did I pick you up wrong?) is that really an opportunity "not to be missed" - if you look at Mosman with Trident, that's a deal not to be missed - I expect similar and yes probably in namibia. CHAR reckon they have the IP on regional data though ( including ww1 - which must frustrate TRP holders as some think it's still a tight hole!" ) what could you do with this to realise value that requires investment?

I guess until the reality of the "mystery deal" is delivered ... I will remain sceptical- pity though as in the round the original assets did look promising...



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